(Answered) How to solve How much consumer surplus do consumers recieve when Px=$50?How to solve How much…

➤ Why does consumer surplus increase if price falls to $50 from a higher price?
Lowering price to $50 raises consumer surplus because two effects occur: existing buyers pay less, increasing their surplus, and additional buyers enter the market who value the good at or above $50. The total gain equals the new triangular area plus the rectangle from lower price on prior purchases.